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121. Business loans on the rise in Cyprus, but consumer borrowing takes a hit

Cyprus experienced a rise in net new loans in October, driven primarily by businesses borrowing more, especially for amounts exceeding €1 million. ...

122. Positive response from Michailidou on the construction of a technical school in Kornos

The Municipality of Lefkara is advocating for the construction of a Technical School in Kornos, a request presented during a meeting on December 4th between Mayor Sofoklis Sofokleous and the Minister of Education, Sport, and Youth, Dr. Athina Michailidou....

123. Didn’t know? Should’ve asked!

The Presidential Office appears to be in search of the 200 companies that have invested in Cyprus—a surprising development given the article published in "K" on November 24th....

124. Dine and donate for the sake of vulnerable children

Get Fresh, a culinary pioneer committed to wholesome and delicious food, is launching a heartwarming initiative to support Hope For Children CRC Policy Center. ...

125. Temporary truce in the healthcare sector as December showdown looms

A temporary truce has been reached in the healthcare sector following the 48-hour doctors' strike....

126. Cyprus secures €115 million in second payment under EU recovery plan

Cyprus has received its second payment under the EU's Recovery and Resilience Facility (RRF), with €115 million granted after successfully fulfilling 37 out of 38 agreed milestones....

127. Cyprus receives major credit rating boost from Moody’s

Last Friday, Moody’s delivered a major endorsement of Cyprus’ economic progress, upgrading its credit rating by two notches, from Baa2 to A3, with a stable outlook, according to a report by Panayiotis Rougalas. ...

128. Cyprus' role in the East Med highlighted at Economist conference

Cyprus’ growing importance in the Eastern Mediterranean was highlighted by U.S. Ambassador Julie Fisher and the UK’s new High Commissioner Michael Tatham during the 20th Economist magazine conference in Cyprus on Thursday....

129. K. Treppides & Co Ltd Director George P. Nicolaou Honored with Young Dragon Awards Nomination

The nomination of George P. Nicolaou, director at K. Treppides & Co Ltd, for the prestigious Young Dragon Awards marks a significant milestone for both him and the company....

130. Cyprus reunification 'off the table', says former U.S. Ambassador, warns Europe not to rely on U.S.

A statesman, a diplomat, and a patriot, John Koenig is the epitome of dedication to service and diplomacy. With a career spanning over three decades, he has served in pivotal roles across the globe, from his time as U.S. Ambassador to Cyprus from 2012 to 2015 to his earlier postings in Belgium, Greece, Indonesia, Italy, and the Philippines. ...

131. Kalopanagiotis and Pissouri named among World’s Best Tourist Villages for 2024

Two villages from Cyprus, Kalopanagiotis and Pissouri, have been recognized as among the best tourist destinations in the world for 2024 by the World Tourism Organization (UNWTO)....

132. DBRS Morningstar: Cyprus shows strong recovery in tackling bad loans

Cyprus is starting to see some positive shifts in its financial sector, particularly when it comes to tackling non-performing loans (NPLs) – loans that borrowers have stopped paying. ...

133. ARIS │ A REALLY INSPIRING STORY is looking to cultivate new stories of success

134. Cyprus’ floating LNG unit 'Prometheus' finally sets sail from Shanghai

After months of delays linked to the Vasilikos scandal, Cyprus' Floating Storage and Regasification Unit (FSRU) 'Prometheus' is finally set to leave Shanghai in early December. ...

135. Bank of Cyprus reports €401 million profit surge

In the latest financial report, Bank of Cyprus has reported a solid profit of €401 million for the first nine months of 2024—a 15% jump from last year’s €349 million. ...

136. BOC finalizes sale of troubled loans to boost stability and growth

In September 2024, the Bank of Cyprus reached a deal with funds linked to Cerberus Global Investments B.V. to sell a portfolio of non-performing loans—primarily business loans backed by collateral. ...

137. Cyprus GDP and living standards improve, but challenges remain

Cyprus' living standards have continued to improve, with the country's GDP per capita reaching 95% of the EU average in 2023, according to recent data from the Statistical Service of Cyprus....

138. ''If you cannot manage EU law in your country, how will you manage it in the 27 states?''

During his hearing for the role of European Commissioner for Fisheries and Oceans, Costas Kadis was questioned by Dutch MEP Anja Hazekamp regarding the Pendakomou waste management plant issue....

139. ''The cost of the subsidies is borne by the state, not the citizens.''

''I am committed to lowering electricity prices,'' Minister of Energy Mr. Papanastasiou told us when he assumed office. Since then, we’ve watched in dismay as electricity prices have steadily risen, with various justifications that no longer convince anyone....

140. Keravnos: Trump administration offers promising prospects for US-Cyprus relations

Cyprus’ Finance Minister, Makis Keravnos, kept a close eye on the outcome of the U.S. elections, which saw Donald Trump elected as the 47th president of the United States....

141. Lidl Cyprus gives new life to fruit and vegetables with the 'Choose me' bag

With a new initiative, Lidl Cyprus invites all its customers to choose the "Choose me" bag and help reduce food waste, while saving money on their daily purchases....

142. Kadis gains key approval for EU fisheries role, promises new ocean pact

The committee on fisheries (PECH) of the European Parliament has approved the appointment of Costas Kadis as Commissioner for Fisheries and Oceans, with the positive opinion of the Committee on the Environment, Public Health and Security (ENVI), after his hearing in Brussels. ...

143. Tesla surges 12% on Trump’s election win, Musk’s $75M bet pays off

Tesla shares surged 12% in early trading Wednesday following Donald Trump’s victory in the U.S. presidential election, as investors anticipated potential advantages for Tesla and its CEO Elon Musk, a major Trump backer....

144. Trump's emotional appeal vs. Harris's missed connections

Experts, academics, and political analysts in Cyprus have weighed in on the reasons behind Donald Trump’s success in the latest U.S. elections and Kamala Harris's defeat. ...

145. RICS Cyprus Property Price Index with KPMG in Cyprus announces results of 2024 Q3

On behalf of KPMG in Cyprus, Christophoros Anayiotos, Board Member and Head of the Real Estate Industry Group, stated:...

146. Will we choose unity or division?

Today, as Americans head to the polls, I find myself reflecting on what my country means to me, even from my home here in Cyprus. I was born in Phoenix, Arizona (a largely Republican-leaning state), to a Filipino mother and an American father with British roots, ...

147. The unassuming Constantinos Kombos

In every Cabinet meeting, there is a ''luxury'' position held by the current Minister of Foreign Affairs. ...

148. Petrolina: Platinum Sponsor of Let’s do it! Cyprus, Clean Up Cyprus Campaign

Aligned with its commitment to support Cyprus and its people, Petrolina continues to support as the Platinum Sponsor of the Let’s Do It! Cyprus campaign for another year....

149. Biden: ''There is no limit to what our nations could achieve when we work together.''

Just after 5:40 pm Cyprus time today, President Nikos Christodoulides met with U.S. President Joe Biden at the White House, marking a notable step in U.S.-Cyprus relations, which both leaders say are now at a ''historic high.''...

150. Cyprus gains investor confidence as economic reforms and US ties bolster growth

International investors have shown sustained confidence in Cyprus’ economy and business ecosystem, recognizing the country as a stabilizing force in the region......